# Synalloy to acquire assets of American Stainless Tubing for $27-28M

Synalloy Corporation's subsidiary ASTI Acquisition signed a definitive agreement to buy substantially all assets of American Stainless Tubing, with the cash price expected between $27 and $28 million and closing expected by January 1, 2019.

- Type: Acquisition
- Announced: 2018-12-04
- Where: Richmond, Virginia, United States
- Value: $27.0M
- Status: announced
- Products: stainless steel tubing, stainless steel pipe
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Synalloy Corporation](https://endata.com/companies/20673.md) (acquirer)
- [American Stainless Tubing](https://endata.com/companies/35878.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/95953/000009595318000084/synl-astipressreleasexex99.htm), 2018-12-04: "The cash purchase price for the transaction is expected to range between $27 and $28 million including ASTI's right to receive revenue-based earn-out payments over a three-year period following closing."
- [ir.ascentco.com](https://ir.ascentco.com/news-events/press-releases/detail/76/a-subsidiary-of-synalloy-corporation-enters-into-a), 2018-12-04: "The prospect of bringing together the diverse stainless steel and alloy pipe and tubing capabilities of Bristol Metals with the high-end ornamental welded stainless steel tube products capabilities of ASTI in the Synalloy Metals family is very exciting."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.